Form 4: Atlassian Director Scott Farquhar Sells Over 7,600 Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Atlassian Corp Director and 10% owner Scott Farquhar executed the sale of 7,665 shares of Class A Common Stock on July 8, 2025, as part of a pre-scheduled Rule 10b5-1 trading plan.
Summary
- Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock on July 8, 2025.
- The sales were executed in four separate transactions at varying prices: 50 shares at $219.94, 3,352 shares at a weighted-average price of $219.1055, 3,853 shares at a weighted-average price of $218.2221, and 410 shares at a weighted-average price of $217.21.
- Following these transactions, Scott Farquhar beneficially owns 452,235 shares of Class A Common Stock.
- The transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.
- Shares are held directly and indirectly through Farquhar Investment Partnership No. 2.
Sentiment
Score: 5
Explanation: The sentiment is neutral. The sales are part of a pre-scheduled 10b5-1 plan, which typically indicates a planned diversification or liquidity event rather than a reaction to negative company-specific news.
Future Outlook
No forward-looking statements or guidance are provided in this insider transaction report.
Industry Context
This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. It reflects an individual's pre-planned stock diversification or liquidity event within the technology sector.
Stakeholder Impact
- Shareholders: The sale by a significant insider (Director and 10% owner) could be perceived as a slight negative, but its execution under a 10b5-1 plan mitigates concerns about its implications for the company's future performance. The impact on share price is likely minimal given the pre-scheduled nature and relatively small volume compared to total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 07/08/2025 | Date of the reported stock transactions (sales of Class A Common Stock). |
| 07/09/2025 | Date the Form 4 filing was signed. |
Keywords
Atlassian, TEAM, Scott Farquhar, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Beneficial Ownership
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